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Albany city, NY

ZIP 12206 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 12206

Median Home Value
$162,300
Median Rent
$989
Affordability Snapshot
$45,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,043/mo PITI).

30%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

4.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

13.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 12206 in Albany city, NY, a household would need roughly $45,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,043. That is about 16% above the local median household income ($38,931), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 25% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
26.1%-60% vs US avg
x
Vacancy Rate
25.3%+146% vs US avg
x
Broadband Access
87.7%+1% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
6.5%-49% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
41.2%-17% vs US avg
x
Mortgage-Free
37.8%-1% vs US avg
x
$162,300
Home Value
$989
Rent
1943
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached15.3%
  • 1-unit attached1.0%
  • 2-9 units63.9%
  • 10+ units19.6%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$162,300
Median rent$989
Owner-occupied26.1%
Vacant25.3%
Price-to-income4.2x
Est. income to buy$45,000